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President Emmanuel Macron should have appointed a prime minister from their ranks, said the left-wing lawmakers
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Etisalat Has $2.7b Cash Reserves
DUBAI — Emirates Telecommunications Corporation (Etisalat) has cash reserves of about Dh10 billion ($2.7 billion) as it prepares for a major overseas expansion drive in 2010, its chairman said on Tuesday.
“We have approximately 9-10 billion dirhams,” said Mohammad Omran in remarks carried on Al Arabiya TV. Etisalat said on Monday it was close to buying a majority stake in Iraq’s Korek Telecom in a bid to double its revenues from overseas operations in three years. The company said on February 18 there were six markets in the Middle East and North Africa that it was investigating for both acquisitions or new licences. The six markets included Algeria and Libya, Omran said. —
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